- What does PRXCX invest in?
- Under typical market conditions, this fund is designed to invest at least 80% of its total net assets (which includes any borrowed money used for investment) in bonds that offer interest income free from both federal and California state income taxes. The fund anticipates that a minimum of 80% of the income it generates will also be exempt from these federal and California state income taxes.
- What is the expense ratio of PRXCX?
- T. Rowe Price California Tax-Free Bond Fund (PRXCX) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PRXCX's dividend yield?
- PRXCX's trailing-twelve-month yield is 3.56%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PRXCX?
- Effective duration measures PRXCX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRXCX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PRXCX?
- PRXCX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PRXCX?
- Yield to maturity (YTM) is the total return you'd earn from PRXCX if every bond in the portfolio is held to maturity at the current price. PRXCX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
